All Forum Posts by: Jeffrey Almonte

I think Phoenix is a more desirable area than Baltimore to live in. Blackstone, one of the largest private equity firms, invested quite a pretty penny in the Phoenix area :)

I might have missed it but when did you purchase your Phoenix property? All those repairs you listed sound like normal CapEx to me.

This information is gold!

One of the best things I did was get a free Google Voice number in the local area code of the city your investing in. That helped me out when reaching out to people out of state. Sometimes people don't answer your call if they don't recognize your area code. Other times, they'll immediately upsell you when they see you're calling from out of state.

As others have said, CAP rate is completely dependent on location and property class. Generalizing that buying a 5-8 CAP is good is VERY dangerous. A value-add 5 CAP vs. a stabilized 5 CAP in the same neighbourhood will give you completely different investment returns.

Also, your financing does not affect your CAP rate. Whether you finance the property or pay all cash, the CAP rate remains the same.

Start by reading the blogs and forum threads here. There is so much knowledge on this website.

Then hone in your real estate investing strategy (flipping, wholesaling, residential, multifamily, note investing, hard money lending, etc) and stay focused on your strategy.

I recommend reading and being active on MyFico.com. They have lots of articles and forum posts to help you.

What is the purpose of your phone call? Are you calling for the first time to tell them your requirements for properties you're looking for? Are you asking about one of their listings? Are you investing out of state or locally?

Please don't take this personally but your question is vague. The more specific you are, the more we can help you and it's more likely brokers will work with you.

As others have said, saving a percentage of income is not an accurate way to calculate CapEx. Your CapEx depends on many factors such as age of the building, location, recent upgrades, etc. Make a list of all your CapEx items and break it up into monthly costs to replace it based on it's lifespan and current condition.

Welcome to BP @Brian Erickson ! Check out bls.gov for stats on different cities. Look at rent growth, population growth, job growth, affordability, and other metrics to choose your market. My partner looked at many cities before settling in the markets we invest out of state.

Welcome to BP @Will Price ! One of my good friends owns one of the biggest volleyball clubs in SoCal.Best wishes in your investing career. Feel free to reach out if you have any investing questions or want to chat.